Weis Markets (NYSE:WMK) Stock Crosses Below Two Hundred Day Moving Average - Should You Sell?

Weis Markets, Inc. (NYSE:WMK - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $68.30 and traded as low as $65.51. Weis Markets shares last traded at $66.31, with a volume of 91,904 shares.

Analyst Ratings Changes

Separately, StockNews.com upgraded Weis Markets from a "buy" rating to a "strong-buy" rating in a report on Thursday, November 7th.

Weis Markets Stock Up 0.2 %

The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 18.69 and a beta of 0.52. The stock has a 50 day moving average of $70.51 and a 200 day moving average of $68.33.

Weis Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Tuesday, November 12th. Weis Markets's dividend payout ratio (DPR) is presently 38.20%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Martingale Asset Management L P increased its position in Weis Markets by 0.7% in the 3rd quarter. Martingale Asset Management L P now owns 20,974 shares of the company's stock valued at $1,446,000 after buying an additional 140 shares in the last quarter. Hsbc Holdings PLC grew its stake in Weis Markets by 1.3% in the second quarter. Hsbc Holdings PLC now owns 19,606 shares of the company's stock valued at $1,229,000 after acquiring an additional 247 shares during the period. Blue Trust Inc. lifted its holdings in shares of Weis Markets by 71.4% in the 3rd quarter. Blue Trust Inc. now owns 646 shares of the company's stock worth $41,000 after purchasing an additional 269 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Weis Markets by 3.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,257 shares of the company's stock worth $581,000 after purchasing an additional 299 shares in the last quarter. Finally, DGS Capital Management LLC grew its position in Weis Markets by 6.4% in the 3rd quarter. DGS Capital Management LLC now owns 6,148 shares of the company's stock valued at $424,000 after purchasing an additional 369 shares during the period.

Weis Markets Company Profile

Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states. The company's retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products.